PLEASANT HILL, CA—NorthMarq has arranged a $15 million refinance of Crossroads Shopping Center, a 92,500 square-foot retail property located at 2316 Monument Boulevard.
The transaction was structured with a 20-year term fully amortizing loan. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company.
“The life company provided a very attractive rate and a smooth execution on this 20-year fixed rate financing,” said Dennis Williams, managing director of NorthMarq Capital's San Francisco-based regional office, who executed the loan.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
